We've released an update on the project to bitcointalk which can be seen here.

In short, the feature complete testnet has now processed its 450,000th block and performance continues to be fantastic which is why we're ready to announce the date of the KOIN snapshot: October 31st (or later)! Following the snapshot, the KOIN ERC20s will become effectively worthless. That's because the mainnet tokens will give people the Mana they need to banish gas fees to a fiery grave and participate in proof-of-burn consensus.

The snapshot is a necessary step to launching the mainnet, and we wouldn't be announcing this date if we weren't confident in the performance of the testnet. There will be at least one month between the snapshot and the mainnet launch, but we're not ready to announce that date quite yet, so stay tuned!

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View the full announcement on bitcointalk here.